TKO Group (NYSE:TKO) Director Sells 400 Shares of Stock

Key Points

• TKO director Nick Khan sold 400 shares at an average price of $175.07, totaling $70,028 and reducing his holdings by 1.34% to 29,351 shares. The sale followed several larger insider sales in recent months.
• TKO shares traded at $175.77, near their 52-week low of $170.92 and below both the 50-day and 200-day moving averages. The stock has a $33.27 billion market capitalization and a 1.8% dividend yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $237.50, despite TKO’s latest quarterly earnings per share missing estimates by $0.07; revenue rose 18.2% year over year to $1.55 billion.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 400 shares of the company's stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $175.07, for a total value of $70,028.00. Following the completion of the transaction, the director owned 29,351 shares of the company's stock, valued at approximately $5,138,479.57. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nick Khan also recently made the following trade(s):

• On Thursday, October 15th, Nick Khan sold 9,189 shares of TKO Group stock. The stock was sold at an average price of $175.19, for a total transaction of $1,609,820.91.
• On Monday, September 14th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $194.77, for a total value of $1,867,649.53.
• On Wednesday, August 19th, Nick Khan sold 6,546 shares of TKO Group stock. The shares were sold at an average price of $199.41, for a total value of $1,305,337.86.
• On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The stock was sold at an average price of $194.39, for a total value of $1,603,328.72.
• On Thursday, August 13th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $197.17, for a total value of $1,890,663.13.
• On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The stock was sold at an average price of $183.56, for a total transaction of $1,850,468.36.
• On Tuesday, July 21st, Nick Khan sold 12,998 shares of TKO Group stock. The stock was sold at an average price of $181.11, for a total transaction of $2,354,067.78.

TKO Group Price Performance

Shares of NYSE TKO traded up $3.39 during trading on Thursday, hitting $175.77. The company had a trading volume of 1,126,686 shares, compared to its average volume of 1,107,775. TKO Group Holdings, Inc. has a 52 week low of $170.92 and a 52 week high of $226.94. The business's 50-day moving average is $186.87 and its 200 day moving average is $190.76. The company has a market cap of $33.27 billion, a P/E ratio of 61.67 and a beta of 0.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 EPS. Equities research analysts predict that TKO Group Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group's dividend payout ratio is presently 110.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKO. V Square Quantitative Management LLC increased its position in TKO Group by 33.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company's stock valued at $333,000 after acquiring an additional 462 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of TKO Group by 5.8% in the 2nd quarter. QRG Capital Management Inc. now owns 2,812 shares of the company's stock valued at $566,000 after buying an additional 155 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of TKO Group by 26.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company's stock valued at $563,000 after buying an additional 590 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of TKO Group by 19.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company's stock valued at $399,000 after buying an additional 324 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in TKO Group by 12.5% in the second quarter. NewEdge Advisors LLC now owns 2,390 shares of the company's stock valued at $481,000 after acquiring an additional 265 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TKO. Morgan Stanley upped their target price on TKO Group from $225.00 to $230.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. BTIG Research reaffirmed a "buy" rating and set a $237.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of TKO Group from $225.00 to $222.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings restated a "hold (c+)" rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Guggenheim raised their target price on TKO Group from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $237.50.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). The company was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings, creating a platform focused on live sports and entertainment properties.

UFC organizes and promotes mixed martial arts events, distributes related media content, and manages sponsorship, licensing, and consumer products. WWE produces professional wrestling programming and live events, including its flagship brands and premium events, while also generating revenue through media rights, sponsorships, licensing, merchandise, and digital content.

TKO serves audiences and commercial partners internationally through televised and streaming programming, live events, and licensed products.

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